As ED Raids Another Tamil Nadu Minister, Is CM Shaken?

After Tamil Nadu minister V Senthil Balaji, the Enforcement Directorate trained its guns on DMK education minister K Ponmudi.  Raids on his residence and business locations have yielded a number of clues to financial irregularities including recovery of over Rs 80 lakh haul of British currency. This raid too was related to a 2012 case of illegal sand mining from quarries in TN amounting to Rs 28 crores loss to the State. His son Gautham Sigamani is alleged to have invested such earnings in UAE’s Universal Business Ventures. Earnings of Rs 7 crore were not declared. Besides, significant earnings of Rs 100 crore from share transactions in Indonesia in 2022 have been unearthed by ED leaving Ponmudi red faced. Reportedly, he cried on MK Stalin’s shoulder saying, “At 72 how can I withstand such raids? My sons are managing all affairs “. Tamil media sources claim that a Jakarta-based Tamilian business tycoon is the go to man for Ponmudi’s sons, and now the ED is busy digging up this shadow compatriot’s TN based businesses to trace the origins of the money trail . Obviously, the advantages of having investigating agencies like the ED are heightened in an election year. A so-called list of 9 “culpable probables”and mug shots are doing the rounds of the media!